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Investor Presentaiton

Historical Racing Machines Oak Grove Racing, Gaming & Hotel Opened OAK GROVE RACING GAMING • HOTEL Total investment' Sep. 2020 Annex $200 ($ millions) Property size ~275,000 (sq. ft.) Proximity to major market ~55 mi. to Nashville Future Organic Growth Opportunity Win/Unit/Day² $265 Actual HRMS³ 3 1,325 Located off of Hwy 24 on the KY / TN border ■ ~55 miles from Nashville, Tennessee (pop. ~670,000) ■ Across the street from Fort Campbell, the second largest military base in the U.S. (pop. ~200,000) ■ ~|| miles from Clarksville, Tennessee (pop. ~150,000) Facility includes: ■ Harness racetrack opened Oct. 2019 ■ HRM facility opened Sept. 2020 ■ 128-room hotel with event center and dining areas opened Oct. 2020 ■ 3,000 person capacity amphitheater, RV park, and equestrian center opened late spring 2021 HRM capacity approval to date 1,500 | Reflects total approved project investment for completed project 2 Average for twelve months ended June 2022 - 1,292 avg. HRMS operational 3 As of 12/31/21 13 43 11 CHURCHILL DOWNS INCORPORATED
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